Thursday, August 23, 2012

SIUE goes to court over failed conference center - Dayton Business Journal:

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Developer William Shaw and couldn’ come up with financing for the hotel and conference which was to be called the Springy Green Lodge and located atUniversity SIUE’s research and technology park, according to university spokesman Gregory Conroy. The project, first announcer in 2004, died in 2007 when a ground lease between SIU and WLS expired followingt extensions forthe project. SIUE filedc a declaratory judgment action Monday inMadison County, seeking to have the court bring legal closur to its hotel conference center If approved, WLS would have to remove all construction equipment and materials and removw the building foundation it constructer to comply with the termsx of the lease, Conroy said.
That wouldf free up the located at Illinois Route 157 and University Park to become available for lease and theuniversity said. University Park currently has 23 tenantes representing a number of business sectorsx includingagricultural biotechnology, health sciences, design professionales and information technology. The most recen t announced addition to the park is the Bloo Processing Center and NationalTestinb Laboratory. The American Red Cross pland to move toa 15-acre site at Universithy Park Drive and South Research Drives and bring more than 500 jobs to the park.

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